Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2013, Carlson had three cars in inventory, as follows:

Car ID	Cost
203	$	96,000
207		96,000
210		99,000

During 2013, each of the three autos sold for $126,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID	Cost			Selling Price
211	$	96,000		$	126,000
212		96,000			129,000
213		97,500			not sold
214		99,000			132,000
215		102,000			136,500
216		100,500			not sold
217		105,000			141,000
218		102,300			142,500
219		108,000			not sold

Required:
1.	Calculate 2013 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.

2.	Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system.

3.	Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system.

4.	Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system.